Free-Standing Office
5131 PAYNE Drive Baton Rouge, LA 70809
5131 PAYNE Drive, Baton Rouge, LA, 70809
$635,000
For Sale
$635,000
Free-standing office building with reception, conference room, offices, and flexible space on a C-2 zoned lot.
Property Size3,662 SF
Price / SF$173.40
Days on Market42
Property Features for 5131 PAYNE Drive
General Information
- Standard status
- Active
- Size
- 3,662 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1970
Listing Agency
Berkshire Hathaway HomeServices Preferred, REALTOR
(504) 810-7355
Listed by
Emily Elwell · License #995701011
(504) 810-7355
Source
Xome
Added: Jun 10 Updated: Jul 10 at 2:05 pm Checked: Jul 16 at 5:54 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Preferred, REALTOR
Investment Insights
Based on property information with market context.
5131 Payne Drive is a free-standing commercial office property designed for professional use. The interior includes a reception area, a spacious conference room, multiple private executive offices, and an open bullpen workspace suited for day-to-day collaboration. In addition to the first-floor layout, there is a second-floor area offering flexible open space that can be configured to match changing business needs.
The property is located in the Essen/Bluebonnet corridor of Baton Rouge and provides access within minutes of both I-10 and I-12. It sits between Baton Rouge General and Our Lady of the Lake Regional Medical Center, supporting office users that want to be close to healthcare employers.
With ample parking on a generous lot and C-2 zoning, this building can fit a range of office and professional requirements, including medical or legal-related operations. The combination of reception, meeting space, private offices, and open work areas provides a practical foundation for teams that need both client-facing space and adaptable interior configuration.
The property is located in the Essen/Bluebonnet corridor of Baton Rouge and provides access within minutes of both I-10 and I-12. It sits between Baton Rouge General and Our Lady of the Lake Regional Medical Center, supporting office users that want to be close to healthcare employers.
With ample parking on a generous lot and C-2 zoning, this building can fit a range of office and professional requirements, including medical or legal-related operations. The combination of reception, meeting space, private offices, and open work areas provides a practical foundation for teams that need both client-facing space and adaptable interior configuration.
Key Highlights
- Free‑standing office building on a C‑2 zoned lot in the Essen/Bluebonnet corridor of Baton Rouge
- Approx. 4,000+ SF of office/professional space with reception, conference room, private executive offices, and open bullpen area
- Includes flexible second‑floor open space that can be customized for business use
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.5k | $16.80 |
| − Vacancy | −$2.8k | −$0.76 |
| EGI | $58.8k | $16.04 |
| − OpEx | −$23.5k | −$6.42 |
| NOI | $35.3k | $9.63 |
3,662 SF · lease $16.80/SF/yr · vacancy 4.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$503.6K
$440.7K – $587.5K
NOI $35,252 @ 7.0% cap · market cap 5.55%
Second Best
Office B
$500.4K
$437.8K – $583.8K
NOI $35,026 @ 7.0% cap · market cap 5.52%
Theoretical Best
Specialty Retail
$877.0K
$767.4K – $1.02M
NOI $61,391 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
PayStar
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Free-standing office building with reception, conference room, offices, and flexible space on a C-2 zoned lot.
Where is this office building located?
The property is located at 5131 PAYNE Drive Baton Rouge, LA.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: Free‑standing office building on a C‑2 zoned lot in the Essen/Bluebonnet corridor of Baton Rouge; Approx. 4,000+ SF of office/professional space with reception, conference room, private executive offices, and open bullpen area; Includes flexible second‑floor open space that can be customized for business use
